{"id":67646,"date":"2017-09-28T11:36:14","date_gmt":"2017-09-28T04:36:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/apac-realty-receives-strong-investor-interest-at-ipo\/"},"modified":"2017-09-28T12:03:40","modified_gmt":"2017-09-28T05:03:40","slug":"apac-realty-receives-strong-investor-interest-at-ipo","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/apac-realty-receives-strong-investor-interest-at-ipo\/","title":{"rendered":"APAC Realty receives strong investor interest at IPO"},"content":{"rendered":"


\nAPAC Realty Limited, which operates under the ERA brand, received robust investor interest for its shares during its initial public offering (IPO), with the public offering and international placement being 26.0 times and 13.4 times subscribed, respectively.
\nThe company offered an international placement of 44.5 million shares and a public offering of 4.4 million shares at S$0.66 per share.
\nIn a release, APAC Realty revealed that it received 3,035 applications for a total of 127.7 million shares for its public offering, with the application monies amounting to around S$84.3 million.
\nAggregate indications of interest received from international investors stood at 597.6 million, with a total value of around S$394.4 million.
\nGiven the \u201cstrong demand from institutional investors during the bookbuilding period\u201d, DBS Bank, as the company\u2019s stabilising manager, over-allotted 9.75 million shares to the placement tranche.
\nAPAC Realty has separately entered into cornerstone subscription agreements with Qilin Asset Management Pte. Ltd., FIL Investment Management (Hong Kong) Limited Azure Capital Pte Ltd and Asdew Acquisitions Pte Ltd for an aggregate 39.3 million shares.
\nAccording to the company, a net proceeds of around S$61.3 million may be raised from the offering as well as the issue of cornerstone shares.
\n\u201cWe are heartened by the keen interest shown in the listing by the public and the investment community,\u201d said Jack Chua, executive director and chief executive officer of the group.
\n\u201cGoing forward, we intend to strengthen and expand our presence in Singapore and the Asia-Pacific region, expand our range of services, and enhance our technological capabilities to remain a leader in our industry and a stalwart of the ERA brand here in Singapore and across the region.\u201d
\n\u00a0
\nKeshia Faculin edited this story.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…APAC Realty receives strong investor interest at IPO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

APAC Realty Limited, which operates under the ERA brand, received robust investor interest for its...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-67646","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-hB4","jetpack-related-posts":[{"id":67144,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/era-realty-to-relist-in-singapore\/","url_meta":{"origin":67646,"position":0},"title":"ERA Realty to relist in Singapore","date":"September 22, 2017","format":false,"excerpt":"\r ERA Realty\u2019s CEO Jack Chua. ERA Realty Network, the second biggest property agency here by agent numbers, plans to relist on the Singapore Exchange (SGX) to take advantage of the anticipated recovery in the housing market, reported the Business Times. The firm and other related businesses will be floated\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90386,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propnex-realty-aims-to-raise-40m-in-ipo\/","url_meta":{"origin":67646,"position":1},"title":"PropNex Realty aims to raise $40m in IPO","date":"June 4, 2018","format":false,"excerpt":"\r PropNex Realty\u2019s CEO, Ismail Gafoor. In a bid to replicate the success of its rival APAC Realty, Singapore\u2019s largest property agency PropNex Realty plans to launch an initial public offering (IPO) that will raise about $40 million, reported Bloomberg recently citing anonymous sources. APAC Realty raised $58 million during\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107760,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/apac-realty-non-brokerage-income-stream-a-buffer-during-property-downcycle\/","url_meta":{"origin":67646,"position":2},"title":"APAC Realty non-brokerage income stream a buffer during property downcycle","date":"June 4, 2019","format":false,"excerpt":"\r Jack Chua, executive director and chief executive officer of APAC Realty. APAC Realty Limited is poised to have a stable future as non-brokerages income stream provide some buffer to its transaction-based business. The company\u2019s non-brokerage stream, which comprises its property valuation, training and management arms, accounted for 15.8 percent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92955,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propnex-shares-2-2-times-oversubscribed\/","url_meta":{"origin":67646,"position":3},"title":"PropNex shares 2.2 times oversubscribed","date":"July 2, 2018","format":false,"excerpt":"\r PropNex Realty\u2019s CEO, Ismail Gafoor. PropNex Realty, Singapore\u2019s biggest homegrown property agency, held a successful initial public offering (IPO) that attracted strong investor interest, according to an SGX filing on Friday (29 July). Overall, its shares were 2.2 times oversubscribed. There were 1,796 valid applications for the 2.125 million\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92594,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propnex-clears-air-on-discrepancies-over-dennis-wee-realty-transaction\/","url_meta":{"origin":67646,"position":4},"title":"PropNex clears air on discrepancies over Dennis Wee Realty transaction","date":"June 27, 2018","format":false,"excerpt":"\r PropNex Realty\u2019s CEO, Ismail Gafoor. Real estate agency PropNex Realty has clarified certain matters cited in recent media reports that its transaction involving Dennis Wee Realty (DWR) was without monetary terms and that there were discrepancies between its audited revenue and profit for FY2016 to the figures in its\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":82671,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/apac-realty-mln-join-forces-to-target-wealthy-chinese-property-buyers\/","url_meta":{"origin":67646,"position":5},"title":"APAC Realty, MLN join forces to target wealthy Chinese property buyers","date":"March 14, 2018","format":false,"excerpt":"\r Jack Chua, executive director and CEO of APAC Realty. Singapore-listed real estate brokerage APAC Realty, which operates under the ERA brand, on Wednesday (14 Mar) inked a partnership agreement with MLN Overseas (Singapore), a leading real estate company in China, to bring more wealthy Chinese buyers into Singapore, Bangkok\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/67646"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=67646"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/67646\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=67646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=67646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=67646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}